
Cheap Apartments for Rent in Beaver Island, MI from $400 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in Beaver Island.


Riverview Terrace

PARK MEADOW APARTMENTS

Stargate Motel

Bay Hill I
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Green Meadows Apartments

Inland Lakes Motel

621 Grant St

Victories Square

Huron Apartments
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Mackinaw Apartments

8935 Cherry Ave

Lighthouse Village

Cheboygan Shores

968 Ranch Rd
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
Beaver Island, MI Local Guide

How much does it cost to rent an apartment in Beaver Island?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Beaver Island Studio Apartments | $1,215 | $1,095 | $1,325 |
| Beaver Island 1 Bedroom Apartments | $1,511 | $694 | $2,560 |
| Beaver Island 2 Bedroom Apartments | $1,875 | $800 | $3,302 |
| Beaver Island 3 Bedroom Apartments | $2,349 | $1,080 | $3,600 |
Browse Top Apartments in Beaver Island
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Beaver Island, MI Local Guide
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Cheapest Available Beaver Island Apartments for Rent and Nearby
 The cheapest available apartment rental in Beaver Island, MI is a 1 Bed unit found at Parkview Apartments in the Downtown Traverse City neighborhood priced from $694. Riverview Terrace in the Downtown Traverse City neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $744. Here is today’s list of the most affordable Beaver Island apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Parkview Apartments | One bedroom | 1BR,1BA | $694 |
| Riverview Terrace | 1 Bedroom R | 1BR,1BA | $744 |
| Stargate Motel | Dbl Queen. | 2BR,1BA | $800 |
| Mackinaw Apartments | Two Bedroom | 2BR,1BA | $855 |
| Inland Lakes Motel | Double Queen | 1BR,1BA | $875 |
Best Value Apartments for Rent in Beaver Island, MI and Nearby
As of February 21, 2026 the best value apartment in the Beaver Island area is the $1.19 price per square foot Two Bedroom Model at Osborn Commons in the starting from $1,280. The second greatest value Beaver Island apartment is the Pinecrest Model at Pinecrest starting at $1,622 with a $1.54 price per square foot . Here is today’s list of the best values for Beaver Island apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Osborn Commons | Two Bedroom | 2BR,1BA | $1.19 |
| Pinecrest | Pinecrest | 2BR,2BA | $1.54 |
| Brookside Commons | Two Bedroom | 2BR,1BA | $1.20 |
| Village Glen Apartments | 2x2 | 2BR,2BA | $1.36 |
| Alger Apartments | 2 bed - 2 bath | 2BR,2BA | $1.52 |
| Annika Place | Two Bedroom | 2BR,1BA | $1.55 |
| Ruth Park | Two Bedroom | 2BR,1BA | $1.70 |
| Mackinaw Apartments | Two Bedroom | 2BR,1BA | $1.12 |
| The Annex | Unit 3 | 1BR,1BA | $1.66 |
| Parkview Apartments | One bedroom | 1BR,1BA | $0.95 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Beaver Island, MI Rentals by Map
See the most popular apartments and homes in Beaver Island, MI
Frequently Asked Questions about Cheap Beaver Island Apartments
What is the Cheapest Studio apartment in Beaver Island?
Currently the most affordable Cheap Studio Apartment in Beaver Island is at Studio's at The Vic listed at $1,199.
How much is rent for a Cheap One Bedroom Beaver Island Apartment?
The lowest price for a Cheap One Bedroom Beaver Island Apartment is $694 at Parkview Apartments.
What is the lowest price for a Cheap Two Bedroom Beaver Island Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Beaver Island is starting from $800 at Stargate Motel.
What is the most affordable Beaver Island Three Bedroom Apartment?
The best deal on a cheap Beaver Island Three Bedroom Apartment rental is at Brookside Commons and starts from $1,213.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.